๐Market Analysis: Wahala Too Much
๐ Observation
Letโs revisit yesterdayโs prediction on Link Coin. We anticipated a trending market and recommended following the trend until it hit the daily resistance. However, the market environment is showing signs that we need to pay attention to.
๐ก Insights
1๏ธโฃ Leverage Matters: Often, the issue isnโt the signal or analysis but the size of leverage used sometimes. As a swing trader, I rely on higher time frames (minimum 1 hour) for more reliable signals.
2๏ธโฃ Reversal Clues: Signs of reversals usually appear on higher time frames:
Daily Time Frame: โ ๏ธ Slight warning sign observed.
12-Hour Time Frame: ๐ซ No warning yet.
8-Hour Time Frame: โ ๏ธ A warning appeared after the 8-hour candle closed an hour ago (Hanging Man pattern).
3๏ธโฃ Proper Risk Management: Always manage your capital wisely. Itโs not about how far you go but how well you trade.
๐ฏ Action Taken
I closed my trade with a 4% profit after spotting potential warning signs on the 8-hour chart. This turned a trade that was initially in the red into a gain... understanding how the game works is key.
Details and timing will be shared soon for educational purposes, emphasizing the importance of leverage and risk management.
๐ Next Steps
๐ญ Watching the Market Closely:
Iโm focusing on the 12-hour close of Link Coin before making any further decisions. Similar patterns might also emerge in BTC, ETH, BNB, Bonk, and other assets.
โ๏ธ Final Thoughts
The market is here to stay! Always trade with discipline, manage your capital like a businessperson, and avoid overexposing yourself on a single trade. Success in trading isnโt about how far you go; itโs about how well you execute your plan. ๐
๐ข Stay Informed, Stay Ahead!
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